Global Hydrolysed Vegetable Protein Market, By Source (Pea, Soy, Wheat, Corn, Rapeseed, Rice, Others), Form (Dry Powder, Liquid Paste), Application (Food Products, Functional Beverages, Personal Care Products, Others) – Industry Trends and Forecast to 2029.
Hydrolyzed Vegetable Protein Market Analysis and Size
The hydrolyzed vegetable protein is broadly used as a flavour enhancer for various foods sauces, stews, soups, seasoned snack foods, gravies, hot dogs, dips, dressings, heightening the market demand over the forecast period of 2022-2029. Additionally, the rise in the demands of the protein based diets supported by the clean-labelled food products, protein-based rich natural ingredients amongst health-conscious consumers, growing awareness regarding the health benefits of consuming the plant-based protein and dairy products, the rising trend of vegan diets and integration of plant proteins in processed foods are the factors driving the growth of the market over the forecasted period.
Data Bridge Market Research analyses that the hydrolyzed vegetable protein market was valued at USD 1258.18 million in 2021 and is expected to reach the value of USD 1873.12 million by 2029, at a CAGR of 5.10% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Hydrolyzed Vegetable Protein Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Pea, Soy, Wheat, Corn, Rapeseed, Rice, Others), Form (Dry Powder, Liquid Paste), Application (Food Products, Functional Beverages, Personal Care Products, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Ajinomoto Co., Inc. (U.S.), Tate & Lyle (U.K.), Michimoto Foods Co., Ltd (Japan), Griffith Foods (U.S.), Symrise (France), Givaudan (Switzerland), SUBONEYO Chemicals Pharmaceuticals P Limited. (India), Vinayak Corporation (India), UNITECH CHEMICALS (India), Caremoli, Dien Inc. (Italy), Jones-Hamilton Co. (U.S.), DSM (Netherlands), Kerry Group plc. (Ireland)
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Opportunities
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Market Definition
Hydrolyzed vegetable protein is produced by boiling foods such as soy, corn or wheat in hydrochloric acid and then neutralizing the solution with sodium hydroxide. The acid breaks down the protein in vegetables into their component amino acid. It is used widely in the various applications of food and beverages such as flavour enhancer for various foods sauces, stews, soups, seasoned snack foods, gravies, hot dogs, dips, dressings and others. All these factors are driving the growth of the market during the forecast period.
Global Hydrolyzed Vegetable Protein Market Dynamics
Drivers
- Growing trend of active lifestyle due to rising health consciousness
The primary factor driving the hydrolyzed vegetable protein market is rising health consciousness among people all over the world. The increased use of hydrolyzed vegetable protein as flavour enhances for various foods sauces, stews, soups, seasoned snack foods, gravies, hot dogs, dips, dressings and the rise in the demands of the protein-based diets and protein-based rich natural ingredients amongst health conscious consumers are the certain factors which are fuelling the growth of the hydrolyzed vegetable protein market.
- Rising usage of the product
The hydrolyzed vegetable protein is in greater demands due to the rise in population as well as the rise in the disposable incomes of the people across the globe and in the growing economies such as India, China and Mexico. The integration in the processed food and the changing preferences are also the factors responsible for the growth patterns. The health and nutritional benefits have been driving the sales of the hydrolyzed vegetable protein and thus, fuelling the growth of the market.
Opportunity
Increased demand for processed and ready-to-eat food materials and products and changing lifestyle of the consumers has led to enhanced opportunities for market growth over the forecasted period. Moreover, the untapped potential of various developing countries has led to the wide range of applications related to the hydrolyzed vegetable protein such as enhanced flavours of processed food and others have also created lucrative growth opportunities for the hydrolyzed vegetable protein market.
Restraints
The presence of monosodium glutamate in the hydrolyzed vegetable protein causes certain health issues such as nausea, chest pain, headache, facial pressure or tightness, heart palpitations, weakness, burning sensation in the face and the neck numbness, sweating and others. This factor will act as major restraints on the growth of the hydrolyzed vegetable protein market during the forecasted period.
This hydrolyzed vegetable protein market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hydrolyzed vegetable protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Hydrolyzed Vegetable Protein Market
The covid-19 has badly impacted nearly every end-users industry due to the lockdowns initiated protocols by the government during the pandemic. The supply chain and the manufacturing units were affected badly during the pandemic though this differed from industry to industry. However, the food and beverages sector suffered a huge rise during the pandemic and the post-pandemic era due to the large supply and the manufacturing demands among the consumers. The hydrolyzed vegetable protein market was hence recovered as the supply demands increased across the globe for high natural and organic food supplements due to the concerned population regarding the health and nutritional benefits of the products related to hydrolyzed vegetable protein and the nutritional benefits of the protein-based diets. Moreover, the rising trends of vegan diets and processed foods during the lockdown and in the post-covid era has generated various growth factors for the market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Hydrolyzed Vegetable Protein Market Scope
The hydrolyzed vegetable protein market is segmented on the basis of source, form and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Pea
- Soy
- Wheat
- Corn
- Rapeseed
- Rice
- Others
Form
- Dry Powder
- Liquid Paste
Application
- Food Products
- Functional Beverages
- Personal Care Products
- Others
Hydrolyzed Vegetable Protein Market Regional Analysis/Insights
The hydrolyzed vegetable protein market is analysed and market size insights and trends are provided by source, form and application as referenced above.
The countries covered in the hydrolyzed vegetable protein market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominate the hydrolyzed vegetable protein market because of rapidly increasing demand for nutritional food and beverages in developing or emerging countries in the region.
Europe is expected to grow within the forecast period of 2022-2029 due to the shifting inclination of consumer’s consumption pattern towards convenience food products with rich nutrition and health benefits and increased veganism among the consumers within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hydrolyzed Vegetable Protein Market Share Analysis
The hydrolyzed vegetable protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hydrolyzed vegetable protein market.
Some of the major players operating in the hydrolyzed vegetable protein market are:
- Ajinomoto Co., Inc. (U.S.)
- Tate & Lyle (U.K.)
- Michimoto Foods Co., Ltd (Japan)
- Griffith Foods (U.S.)
- Symrise (France)
- Givaudan (Switzerland)
- SUBONEYO Chemicals Pharmaceuticals P Limited. (India)
- Vinayak Corporation (India)
- UNITECH CHEMICALS (India)
- Caremoli, Dien Inc. (Italy)
- Jones-Hamilton Co. (U.S.)
- DSM (Netherlands)
- Kerry Group plc. (Ireland)
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